Business travel risks predictable
02 Feb 2018
New data from SOS titled ‘Rethink Unpredictable’, determines upcoming business travel trends that challenge the concept of volatile travel risks.
Debunking the difference in perceived travel security threats versus real destination risks is an important travel security issue impacting Australasia-based businesses today. Security Director – Australasia for International SOS, Sally Napper said, “The majority of travel security calls we take in our Assistance Centres focus on pre-travel advice and education aimed at helping travellers mitigate common threats they may face overseas.”
Other trending travel security concerns include understanding individual traveller risk profiles, protecting company data, and keeping up with the changing risk environment in different countries.
Despite the perception, terrorism-related deaths around the world decreased both in 2016 and 2017, according to the Institute for Economics and Peace’s annual Global Terrorism Index.
Napper, said, “Despite the increased coverage of terrorism in the news, travellers are far more likely to encounter road traffic accidents, petty crime, illness or other issues such as a lost passport or flight delays that disrupt travel and can impact business continuity.”
Along with analysing security trends, Rethink Unpredictable also focuses on medical travel risks. A few of the emerging health preoccupations impacting regional businesses include stress and mental health issues, non-communicable diseases (NCDs), the changing medico-legal environment, and the use of telehealth to optimise expert care whilst travelling.
It would be easy to assume that the vast majority medical cases happen in high-risk countries; however, almost half (43 per cent) of medical cases managed by the International SOS Sydney Assistance Centre between 2016 and 2017 occurred in low to medium risk countries. Less than 1 per cent of all cases require a costly and disruptive evacuation, but case data shows the most common cause of medical evacuations (38 per cent) in the corporate sector are due to cardiovascular diseases and almost half (44 per cent) of all in-patient cases of clients in the education sector are related to injuries. This new data shows these risks are not as unpredictable as they seem.
“While each medical case is unique, over the years we’ve found a common theme in the health risks travellers face, which is that most of them can be mitigated by systemic and comprehensive planning,” said Dr Nhlanhla Mpofu, Medical Director – Occupational Health at International SOS.
From a minor medical condition to support during social unrest, it’s much less costly in human impact, time efficiency and hard cost terms to have appropriate support in place. Travel risk mitigation programs focus on prevention, risk mitigation, and risk avoidance while helping to prepare people before they travel and assisting managers to make better decisions about managing risk before anything happens.
- Insurance and Risk